SLOW TRACK option - a HR initiative

Life is stressful for a working women. At one end she has a demanding professional life and at the other end the personal life consumes lot of her time.

Under such situations its always the working women who has to dump the successful career and focuses on personal life . I am not saying its incorrect but the decision would have been different if the corporate in true sense create an environment that support the working women.The solution is simple.

HR to offer “ slow track “ option to the employees. All companies have a mechanism to identify “fast track”. The need of the hour is also to identify staff who is willing to be on slow track. This program to give an option of working for less number of hours for couple of years and proportionately the salary can be reduced. Also they should have an option to return back to normal working hours once are at comfort. The major difference being that the SLOW TRACK to be chosen by the employee and the FAST TRACK candidates are identified by the employer. Also HR to take care that slow track employees don’t get branded as Non- Performers.

This will be of a great help to working women, as the extra hours that she gets would help balance the personal and professional life. Especially for families with new born babies.

This HR initiative is in true sense will ensure the gender equality. If you agree to the thoughts than be quick in forwarding this to your HR Head and CEO. May be my blog can help you get “Tare Zameen Par ”.

Social Stock Excange (SSE) to promote Corporate Social Responsibility (CSR)

“Increase shareholders value” is one line that I have seen in all the presentations by the top management. Wealth creation for those who have invested in the company is definitely an important task to be achieved. And stock exchanges like BSE, NSE are doing a great job in linking the companies performance to the market forces.

However I feel objective of any commercial activity should result into development society and mankind.

Urgent need to have Social Stock Exchange (SSE) on which various companies to be listed on the basis of social responsibility performance. Since all the companies are using the resources from the society they must work towards giving back a part of the wealth as this will result in the welfare of the society.

Listing of various companies on the SSE to be made mandatory and points to be given on the basis of various parameters. Identifying and allocating points to these parameters should be left to an expert committee. Example :

1) Employment is getting generated due to commercial activity and this should qualify an organization earn points on the Social Stock Exchange (SSE). Say, companies will earn One point on SSE for every 500 employees on company’s payroll.
2) Likewise nature of the business should make them eligible to earn few points like Dr Reddy Lab to be allocated a 50 points for its efforts in developing the drugs for the treatment of Diabetics. At the same time organization engaged in Tobacco or liquor business get minus 50 points on SSE. …. so on

This Social Stock exchange to be aggressively promoted. And Two prong strategy will work:

Strategy 1:Government should encourage the companies to score High of the SSE by formation of Corporate Sabha (other two being Lok sabha & Rajya sabha) . Member ship to these should be on the basis rating on this social Index . Undoubtedly Ratan Tata will chair this corporate sabha they have done massive social work keeping low decimal level .

Strategy 2: A brilliant campaign to be run by all the media companies together. This campaign should create a perception ( which is a reality ) among the common man that companies high on SSE are of different class.

Such initiatives will shift the attention of corporate from wealth creation to wealth distribution